Topics
Latest
AI
Amazon
Image Credits:Pavlo Gonchar/SOPA Images/LightRocket / Getty Images
Apps
Biotech & Health
Climate
Cloud Computing
commercialism
Crypto
endeavour
EVs
Fintech
Fundraising
Gadgets
Gaming
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
Social
Space
startup
TikTok
Transportation
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Quora is back at it , raising financial backing for the first time in about seven years . The questions and answers website nabbed$75 million from Andreessen Horowitz(a16z ) , which will be used to power the growth ofPoe , Quora ’s AI chat platform .
“ We expect the majority of the funding to be used to pay Lord of bots on the platform through our recently - launched creator monetisation program , ” compose Quora CEO Adam D’Angelo in a statement .
In October , Quora launched this Maker monetisation political platform for Poe , which allows citizenry who create bots or prompts on Poe to generate receipts . Even developer who integrate bot with the Poe AI are eligible to garner money .
Quora is wager big on creators , but this big fundraise set aside the company to lure talented developer to Poe with the promise of financial recompense . Plus , Poe aggregates a wide range of text and range of a function AI models like ChatGPT , DALL - E 3 , Claude 2 , Stable Diffusion , Llama and others , which gives Godhead a Brobdingnagian playground of tools to admittance .
When Quora last raised VC funding in 2017 , the company was valued at around$1.8 billion . But Quora ’s in style rise prize the company at just $ 500 million , a steep decline from its former raise .
“ In the last two years , the market has changed considerably , driven by rising interest rates and higher cost of capital , ” D’Angelo spell . “ This signify our valuation is lower than our late flower , but we are happy to in conclusion be marked to this raw market . ”
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Since the launch of Poe about a year ago , however , Quora is picking up some steam . D’Angelo also shared that Quora had its in high spirits use week ever last workweek , and that the chopine has over 400 million monthly unequalled visitant .
“ Excluding Poe , Quora is cash flow positive , so all of this new funding will be used on Poe , ” D’Angelo said .
According todataTechCrunch viewed from Apptopia in October , Poe ’s roving app was download more than 250,000 clip in February , its first month capable to the public . Through October , Poe saw over 18.4 million installs and grew to nearly 1.22 million monthly fighting substance abuser .
“ Already , Poe shows signs of increasing regaining to descale , ” pen a16z mate David George in ablog post . “ presently , Poe is one of the top 5 largest generative AI - related holding , and creators have built 1M+ bots on Poe the platform . ”
Quora ’s Poe introduces an AI chatbot Godhead economy
